I don't mean Blythe Masters would be shorting any Aussie stocks. But if a person is a fan of Blythe Masters then he is one sick puppy. And likely to be a down ramper IMO.
I used to be owner of IGR - have some new orders in now.
JPM inherited a massive short position from Bear Sterns or so the story goes and is way short of silver required for delivery. So constantly endeavour to shake silver holders from the tree and others they pay out premium cash to not take delivery if they can. COMEX silver is also at record lows and the worry was 'default'.
Having a insanely coordinated take down of silver with the help of a less than active CFTC was supposed to shake the tree and allow JPM and others to cover some shorts. Problem however now it seems that they didn't manage to shake lose those standing for delivery, in fact it seems despite the shake down in the silver price contracts for delivery increased.
We had/have silver in backwardation but the price going down??
So the Blythe method is to naked short the hell out of gold/silver cause a take down then buy back at the cheaper price to help cover. She has been my sworn enemy for some time.
Anyway you get the picture.
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